$AMP - Wave 3 - Lock on targets.

18 cze 2021

Things are looking real good for AMP following the recent Coinbase listing. Wave 3 is in play and high targets are set for $0.20 - $0.39 - here are some things to look for:

• There was a big sell off once price hit $0.12, wave 4 correction of the inner wave could take us to $0.08, but should hold support at the 0.5 fib level.
  
• Should it go down well below to say $0.06 this would invalidate a wave 5 move on the inner impulse wave leading to a stronger correction, I feel this is unlikely, yet possible.
  
• On the current move, fib extension take us dead smack into $0.39... who would have knew.
  
• Entirely possible we chop sideways for a few weeks at the 0.5 fib level.
  

IMHO Elliott Wave is often not an accurate tool in todays market, but helpful in forecasting the general shape of things. It would be nice to see a reversal on the daily chart come tomorrow, yet somehow that feels too easy. I think we could see a few twist and turns with increased volume entering via a Binance listing or other news to launch the price into the higher fib extension targets.

Not financial advice, please comment below with your thoughts.

Cheers,
MoonBag